Limited Firm Registration

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A public limited company (PLC) is a type of business that is owned by shareholders and managed by directors. Shares in a PLC can be bought and sold by the public on a stock exchange. This makes it easier for PLCs to raise capital than private limited companies, which are not listed on a stock exchange.

To form a PLC, you must register it with the Securities and Exchange Board of India (SEBI) and comply with all relevant regulations.

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Here is the Advantages of being a PLC

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• Greater access to capital: PLCs can raise capital by selling shares to the public.

• This makes it easier for them to finance growth and expansion.

• Liquidity: Shareholders in a PLC can easily buy and sell their shares on a stock exchange.

• This makes it a more liquid investment than shares in a private limited company.

• Credibility and prestige: Being a PLC can increase a company’s credibility and prestige.

• This can make it more attractive to customers, suppliers, and investors.
  Limited liability: Shareholders in a PLC have limited liability, which means that they are only liable for the debts of the company up to the amount of their investment.

• This protects their personal assets.

 

Document Needed

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The following documents are needed for proprietorship firm registration in India:

• Copy of PAN card and Aadhaar card/voter ID/passport of all promoters and shareholders

• Passport-size photograph of all promoters and shareholders

• Latest bank statement or utility bill of all promoters and shareholders

• Registered office address of the company along with address proof
  Rent agreement from the property owner

• No objection certificate from the owner